[152 Pages Report] The aviation lubricant market was valued at USD 1.93 Billion in 2016 and projected to reach USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

The report analyzes the aviation lubricant market on the basis of type (hydraulic fluid, engine oil, grease, special lubricants and additives), technology (mineral-based, synthetic), aviation type (commercial aviation, military aviation, business and general aviation), end user (OEM, MRO), and application (hydraulic systems, engine, landing gear, airframe, others). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World.

The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the aviation lubricant market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets, with respect to individual growth trends, prospects, and their contribution to the overall market. The report also covers competitive developments, such as long-term contracts, new product launches, agreements, and research & development activities in the aviation lubricant market, in addition to the business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the aviation lubricant market was arrived at by referring to varied secondary sources, such as IATA publications, market outlook, and corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

The ecosystem of the aviation lubricant market comprises raw material suppliers, manufacturers, distributors, and end users. Some of the key players in the aviation lubricant market are Shell (Netherlands), BP (UK), and ExxonMobil (US). These players have adopted contracts, new product developments, and agreements as their strategies to strengthen their positions in the aviation lubricant market.

Target Audience:

Aircraft Manufacturers

Aviation Lubricant Manufacturers

Airline Companies

Government Agencies

Investors and Financial Community Professionals

Research Organizations

Scope of the Report:

This research report categorizes the aviation lubricant market into the following segments and subsegments:

Aviation Lubricant Market, By Type

Hydraulic Fluid

Engine Oil

Grease

Special Lubricants and Additives

Aviation lubricant Market, By Technology

Mineral-based

Synthetic

Aviation lubricant Market, By Aviation Type

Commercial Aviation

Military Aviation

Business and General Aviation

Aviation lubricant Market, By End User

OEM

MRO

Aviation lubricant Market, By Application

Hydraulic Systems

Engine

Landing Gear

Airframe

Others

Aviation lubricant Market, By Region

North America

Europe

Asia Pacific

Middle East

Rest of the World

Customizations Available for the Report:

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

Geographic Analysis: Further breakdown of the market segment at the country-level

The aviation lubricant market is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rising passenger traffic across the globe. Increasing focus on enhanced efficiency of aircraft systems is also influencing the growth of the aviation lubricant market.

Based on type, the engine oil segment of the aviation lubricant market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the development of advanced aircraft engines and growth in the commercial aircraft fleets.

Based on technology, the synthetic segment of the aviation lubricant market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for advanced lubricants to enhance the performance of an aircraft.

Based on aviation type, the military aviation segment of the aviation lubricant market is expected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the increasing number of aircraft orders for military aviation globally.

Based on end user, the MRO segment of the aviation lubricant is estimated to lead the aviation lubricant market in 2017. The growth of this segment can be attributed to the increase in the aircraft fleet of emerging economies in the commercial and military aviation sectors.

Based on application, the engine segment of the aviation lubricant is estimated to lead the aviation lubricant market in 2017. The growth of the engine segment can be attributed to the increase in the use of specialized and advanced lubricants in this segment.

Based on region, the aviation lubricant market is segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World. North America is estimated to lead the global aviation lubricant market in 2017. Major commercial and military aircraft manufacturers, such as Boeing (US) and Lockheed Martin (US) are based in North America. Also, the region has the largest aircraft fleet in the world, and therefore generate a high demand for aviation lubricant products.

Major players in the aviation lubricant market are Shell (Netherlands), BP (UK), ExxonMobil (US), and TOTAL (France). Major strategies undertaken by various companies include new product developments and contracts.

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